The following are the latest rates of the UAE Dirham against Pakistani Rupee (PKR) on Wednesday, July 2, 2025. (By forex.com.pk)
Buying Rate: Rs. 77.7 in the open market
Selling Rate: Rs. 78.5 in the open market
The UAE Dirham (AED) to Pakistani Rupee exchange rate holds great importance as millions of Pakistanis work in the UAE. Its stability ensures consistent remittance value, bolstering Pakistan’s foreign reserves and household incomes.
For Pakistan, currency exchange helps determine the value of the Pakistani rupee against foreign currencies like the US dollar or the UAE dirham. A strong exchange rate boosts imports and lowers inflation, while a weak rate can increase export competitiveness.
Currency exchange is also crucial for overseas Pakistanis who send remittances. Monitoring exchange rates helps businesses, travelers, and policymakers make informed financial decisions and manage economic stability effectively.
Overseas Pakistanis residing in the UAE sent $754.2 million in wake of remittances in May 2025, securing the second top position in the chart of the workers’ remittances, as the first spot is held by Saudi Arabia.
Meanwhile, the workers’ remittances from overseas to Pakistan, recording a significant growth of 28.8 percent during eleven months of fiscal year 2024-25, reached nearly $ 35 billion in the period from July to May, while monthly inflows in May increased to $ 3.69 billion.
“Cumulatively, with an inflow of US$34.9 billion, workers’ remittances increased by 28.8 percent during Jul-May FY25 compared to US$27.1 billion received during Jul-May FY24,” the State Bank of Pakistan reported on Wednesday.
During May 2025, the workers’ remittances recorded an inflow of US$3.686 billion, depicting 16 percent growth over April 25 and a 13.7 percent yearly increase against May 2024, the statistics showed.
